Osinbajo worries over extreme poverty in nigeria

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Vice President Osinbajo Worries Over Extreme Poverty in Nigeria

Nigeria's Vice President, Yemi Osinbajo, has expressed concern over the rising incidence of extreme poverty in the country. Speaking at a meeting with the National Economic Council (NEC) in Abuja, Osinbajo noted that the country's poverty rate has been increasing, with many Nigerians living below the poverty line.

According to Osinbajo, the poverty rate in Nigeria has risen from 33% in 2010 to 40% in 2019, with the majority of the poor being women and children. He attributed the increase in poverty to various factors, including lack of access to education, healthcare, and job opportunities.

The Vice President emphasized the need for the government to take urgent action to address the issue of poverty, which he described as a major obstacle to the country's development. He called for a multi-sectoral approach to tackle poverty, involving government, civil society, and the private sector.

Osinbajo also highlighted the need for the government to invest in human capital development, particularly in education and healthcare, to empower Nigerians to break the cycle of poverty. He also emphasized the importance of creating jobs and promoting entrepreneurship to reduce poverty.

The meeting with the NEC was attended by the Governor of the Central Bank of Nigeria, Godwin Emefiele, and other senior government officials. The discussion focused on the country's economic challenges, including inflation, unemployment, and poverty.

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Source: Nigerian Tribune